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tv   Counting the Cost  Al Jazeera  December 13, 2023 8:30am-9:01am AST

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the on the ground, people need to have civic sons. it's got some are usually electricity. beyond the requirements are not paying for their consumption. the regions power department is cracking down on the desk and unlimited usage. the local administration says it does manage to reduce outages, but purchasing more electricity for cash. mary's a solution cons come soon enough. minute fernandez, a 0. following an extension of negotiations, the cop 28 climate summit in due by a new draft agreement has been released. the cost of, of transitioning away from fossil fuels prevent the west effects of climate change . the new text is meant to reflect the consensus view of nearly 200 countries who gathered up the un conference. several governments have criticized the 1st draft of the agreement, which failed to cool for an end to the world's use of fossil fuels. the government of origin team to see the elected president, heavier minay has begun a major economic as a whole. slashing the value of origin tina's currency and haul from costing energy
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and transportation subsidies trays of both sensors. this update from point a cyrus argentina's anyways, harry and precedent have you had any late morning on sunday where he said that the only way out to get out of the current economic price is implementing harsh austerity measures. the 1st measures were announced this tuesday by economy minister 2 weeks. so he announced a 50 percent evaluation of a peaceful currency which was kept artificially low with capital controls, lift subsidies of transport and energy defense, public works and shut downs, 9 ministries, among other things. and we'll see more full gallery, so we're always attacking the consequences and the programs. politically. we have always been addicted to deficit, to solve the problem and never solve the root of the problem. that's why we have the recurrent crisis, and we're looking for who to blame for years now or do,
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you know, has been struggling with very high inflation in the past few months? it's been around 10 to 12 percent each months. there's also exchange rate controls that useful thing, different types of exchange rates in this country. and that's why president, have you had any leg is saying that argentina is economy needs to be, we organize the big question now. is it in fact that in many of the people, recession even higher inflation? the big question now is how much information will have within your administration. maybe how will i just see that what a site is and that's it for me. nora. com. you can find much more of old daily news on a website that's onto there and don't come to stay with us content. the cost is the unique perspective to reach voice for peace is the way for me to take action voices
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. you don't often hear problem nations do stand with palestine, it's the same service, shared connect with our community and tap into conversations you will find elsewhere, brand new episodes of the screen on the or the other one. adrian said, again, this is counting the cost on up to 0. you know, we can look at the business and economics this rank. israel is one cause, as has its agricultural hotlines. nation is struggling to film the gap left by phone workers who fled, use the conflict. also this rates as geo political tensions in the middle east escalate goal is becoming more more expensive. but while also fire up plus
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environmental values before paychecks, many employees on working out of companies that fail to commit to the fights against climate change. the social security has been a positive as well as the economic policy for decades. but it's really fun because i'm not worried about the boat on costs. i could turn the fields into barren land draws. con, reach that crops in the area surrounding the strip, which is noticed is rails vegetable patch. i'm the shop shortage of palestinian on foreign workers with a lack of because fruits and vegetables are left a lot where they grew. many farmers fear the conflict could hook the agricultural industry for many months to come with. so they have $389.00 farmers combined conducted by the big out galley research institute for 89 percent of his ready fall, most of experience, some damage. and maybe all of them expect more losses during the next 3 months. maybe 3 quarters of the farm is face disruption to that workforce. even in areas not close to the fighting firm is expected
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a 35 percent dropping both production and revenue on average. but that's projected to double it area as close to the bowls that we've gone. so as well as agricultural industry as long relied mainly on palestinian anti wel, cuz the many palestinians from the occupied west bank of banned from entering israel. thousands of foreign workers fled when the war started. that is really drive us because machine operates as a managers have been pulled up from military duty to show the full is estimated to be more than 30000 workers. farmers are looking to fill the gap with volunteers. well, by hiring is really is a sign on bonuses being offered to his rate. he's willing to work on the farms and soldiers have been mobilized to help harvest trumps. the government is trying to encourage foreign workers to go back to the fields by extending the visas and offering the extra payments of $500.00 a month. it's also looking to recruit thousands of laborers from countries
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including india and tr lanka. meanwhile, the departure of hundreds of below we ins to work on is really funds of the debates and the cash strapped african countries. critics of the agreements a worried about the safety measures put in place to protect malawi ends as the war continues. that's despite the attempts by officials in malawi as well to assuage the fears. human rights textbooks of one foreign workers could be at risk of exploitation as well, scrambles to fill the labor gaps, which one of us not from london is, you know, when he's the silver star, a professor of economics, the hebrew university of jerusalem, had a professor of economics at lancaster university in the u. k. professor good to have you with us before we talk about the toll that this war is taking all the agricultural sector in israel, i want to know whether it is still a main drive of israel's economy. how important is it to the country, a accurate culture in this red is very important. uh, uh,
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but it's not crucial as it, as it was. uh, let's say 30 years ago. uh, these days we are importing a much more uh, uh, foot produce, meet. busy vegetables uh quotes from other countries, but the industry is very important for a uh, for those who uh, work in this industry for those we have to farms. uh, they rely on this for their lives and the, uh, the war is making it very, very difficult for them. for 2 reasons. why is some, some, some farms have been evacuated because of the war with this for, for security reasons. and the other reason is that much of the workers are poor and workers, and many of these farm workers, not all, but many of these farm workers went back because of the war to their home countries
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. use riley's citizens. no, it's quite uh, amazing phenomenon. people from angel for 13 to uh, a 91. tier 2, i will do it myself. ask a few weeks the next few weeks uh towards in the fields to replace those porn workers. but this is not in the professor. busy so the they are, i'm sorry to interrupt you, but but time is tied here. you say that that is where there's no more reliance upon upon inputs. but there is a cost to that. surely. i mean, it's more expensive to input food that it is to, to, to grow your own. isn't that, i mean, what is that having a drag on the economy? not really. i mean, uh, surprisingly the approaches that are, are uh, maybe news rooms are more expensive because of labor costs. israel a, a is rarely ports from the country with
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a crisis on much or as you may be surprised by the vegetables and fruits that are on the market that out for me is rarely produce, are more expensive. uh, but uh, you know, the now now the, the, the situation especially i said especially you put those work on the agriculture. it is difficult, but i think the war but when the war and uh, uh, finch, will recover quite quickly. you know, when we're talking about agriculture, there's one more thing that needs to be said here and in relation to the war is ryan is one of the leading countries in um, in the production of technology. i've been cut to the technology at the when i think about the, i mean the, the potential of israel healthy does. okay. uh, in most thing it's agriculture. the industry is amazing.
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i mean, this potential has been put aside for so many years. okay. and my whole, my vehicle is when the sport ants or uh, is it that i believe the piece was, is riley's helping being i've been in touch with many of them and developed countries. i mean, the marshal. each technology was being export and experts are going to other countries to, to teach people how to use these technologies and but, and it's so frustrating to see that it doesn't take place near whole, okay. and it doesn't take new homes because what happens now and hopefully the soon uh, this won't be gone. and my goal is that is red. we'd be able to help in the agriculture because it needs a culture, flourishing every culture industry. and that i hope that these read we'd be able to assist, we talked about as well as the reliance on,
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on foreign workers for its agricultural sector rights groups have criticized the working conditions that they experienced that was before the will began. now that warning the risk of exploitation, but what do you make of, of those criminal i take this won't happen, i think is right up a very strict rules about the dealing, the treating of foreign workers. so beverly parole. busy so bailey, social, uh, these rules are going to be kept. and i tell you something else on the psychology level. people, the news where i loved so appreciate you to those worker who decided not to go go. but to stay with this read. to help in the agriculture and they did it to some extent, a knock for money but, but for it's solely directed. and it just makes no sense to treat these workers badly when they, uh, when they did something. so uh uh,
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so nice and source though it is so supportive to ease. right. so i, i doubt that this would happen youtube to professor about people volunteering to work in the agriculture sector, but that's a short for the, for $30000.00 workers. i'm among them. the palestinians who now banned from entering israel, i mean could come out number be made up, can, can it cannot replace. it cannot replace the labor force that is read had before the war app. absolutely. it's more, a gesture made by the citizen. it helps believe the tab somewhat, but not uh, it cannot bring back the situation to what it was before. uh and, and so, well, that's why the, the, the secretary's a in a slow down. uh, but as i said, i mean at the moment the boards over of these workers will come back to israel and the uh, the sec deliver 5 itself very quickly,
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professor manufacturing data and for being with us on counting the cost. now israel sage relentless building on ground operations of all painted all manner of life and cost. a human rights watch released video of satellite imagery showing the destruction of orchards, green houses, and farm land in the northern parts of the strip. it says the damage compounds concerns about food and security and last livelihoods, as well as cutoff food was out of fuel supplies to the already besieged strip. since the beginning of the pool, a deliveries a limited, and the humanitarian situation is catastrophic. to know more about this, to watch out previous additions have come to the cost where we detailed the crippling cost of the gulf of gaza at its residence. the now when geo political tensions wise, investors tend to put that money into safe havens like gold. the metal is looking hot right now as a rule and goes to escalate. but the cost of oil is also sensitive to events in the
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middle east. yes. offer an attack on american worship and commercial vessels in the southern red sea. it's changed very little in value prices could go up. so if the war widens across the region and disrupt supplies, or the process of swing wildly in recent months, despite the attempts by major producers to show up the market, they've recently agreed once again to deepen voluntary cost outputs for the 1st quarter of 2024 the total cubs amount to more than $2000000.00 barrels per day, including a rolling of, of previous costs by saudi arabia and russia. opec plus, as also invited brazil to join the group. the country struggling with a high cost of living by the us want to ease prices, but ations pump directly to teen 1000000 barrels a day into the market. brent crude, the international benchmark riley off to opec plus costs were announced, but then last more than 2 percent trading the $80.00
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a barrel last week. that's well below a year high of almost $96.00 a barrel in september. prices were expected to suppose $100.00 a barrel in the past 2 months, but despite output reductions by oil produces, they which sold in the seventy's oil prices hit more than $120.00 a barrel. last year, off to russia, invited ukraine. the international monetary fund, it says that the saudi arabia needs to on the $86.00 a barrel. the fund ambitious oval of its economy frontier by what joined now by jimmy ahmad jamil is chief market analyst at global trading and brokerage corporation could have you with distribution. so we've got a wall in the middle east, and yet oil prices of hardly moved what's going on. is like you got agent essentially or after the terrible events that starting on october 7th, we did have an initial $910.00 spike and the little price over the next train of legal service and stuff. we've now dropped more than $20.00, and we're now headed towards another 70 us dollars,
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which is the lowest level. so essentially like that's a few different reasons for this. personally, no matter how difficult and tragic these events are taking place is not one of the area of high economic activity, not in an area of my exports. so between the 2023 crisis which is taking place now, i guess the 2022 eventually frustrated. crank is completely different. so the concepts of a couple, not the less, nothing stops. it is the institution of an asset managers. and what, what is the, on the side of the coin that no new entrance or moving to the complex will be getting involved attributable of a supply issue and the farm. and that quote is very much improved, correct? because we have dropped as much as 20 us dollars since that in the past. following the additional for the 7th. now, opec plus has repeatedly caught production. as we said. i know the voltage reproduction announced last week and yet markets of hopefully bunched on. that is either why i'd like to know because it sounds very good on the headline. but
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typically there's always been seen as a dysfunctional group with the like. and you're not seeing a lot of complaints. i give you a couple of different examples of this following the of the cross needs, which firstly was response abruptly that it was restrict which is a couple days later being a natural state. yes, we're going to extend the production costs boss or individual vendors to comply with. this will be announcing that statement that because separately based on dimensions, the results of the most science for lack of utilizing a lack of unclear messaging and instruction. yes. oh, economic costs do control as much as 90 percent of oil reserves and it's 60 percent reduction. but and so you get those clear, consistent standardized messages from the group financial market. i do not see it as something that we can typically always believe because it got the like a bunch of staffers to see if we also have some other strong translation where all the different members have different price points but exports,
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the government revenues. and so, so basically we have a number of different conflicts of interest taking place as well, which is why despite the fact the cost of associates market share is longer term and at some financial market or by specific in this example, is not that much whichever you unless we do have consistent messages provided from the group and how significant is a is brazil being invited to join opec plus it is significant from headlines present. it is one of the top temperatures. and so the commodity is also the largest and fortunately quantity as well. but again, i'll give you some of the historical context here. ok, we're seeing essentially 13 different mothers feed establishment at 1st i for 11 members, 2 that are now present. if it comes with the member and all helps under which again, it is not clear the stage would make it $12.00. and so we see that unity, the consistency in that board, members are equal birds equal distribution and they have the interest that hops. it will not mean that much of a longer, so there are concerns me over
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a slow demand from china. how much of a problem for opec plus is production in the us, which, which is, is ramping up. it was the initial concern. that was the old price trash that stops roughly 10 years ago. that was the major reason why it was the us restrictions. i told them all the storm. it was such as the comfortable it's not just produce an export of the commodity. what your tax, 2022 data from the energy information agents they actually prove that was going to be the case that we do have concerns, as well as a slow and global economic growth. a one stop china, which is the major important to commodities. but as we add into 2024, we still have a number of different global economic health issues. firstly, such a central policy and inflation projections was a whole land rover and on the drugs. we have also not yet seen the true impacts of the shot, the ship to have an interest for others. you know, many of us are seen and trying to ration, and so we get the sentinels and we're starting to see the implications. the global
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center bench is about 12 for us, but it was out which of course, controls us interest rate. obviously you'll concentra back in your back and then you have a new kind of shuffle. and so we stuck in the sink and i was coming for the ready going to stop caution interest rates and to 2024. we do see more concerns provided about working on a group of just blind. it's time to buy, just and initiate. alright, janelle, stay, stay with us. thanks for that. but i wanted to talk to you about goals, which will turn our attention to. now, as you can see, the precious metal jumped in price by more than 3 percent on december, 4th, to a record of more than $2135.00. an hour once before pairing some of those gains. but that's more than the previous old time. hyatt said in august 2020. when the corrode of ours pandemic boosted safe haven demand. uh gold prices have risen by more than 10 percent so far this year. so jimmy gold never has been a this expensive, is it just about coverage geo political tension or is that something else going on
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here? we have a number of different sessions in the world. gym, physical tensions on multiple problems. global academic health concerns. how developed and emerging economies i have even the high interest rate obviously reduce the reasons why gold still remains divided even though it has for them from that $2100.00 recognizes in 2 days ago as to above 2000 us dollars. and we also have these taken off with the central banks, the gold would see the largest increase in gone allocations for roughly 70 years. and i do think it comes down to a global economic how it concerns uncertainty as to where to avoid this happening. and all the economic projectors, as well as the central bank policy and supply and demand how economies are going to continue to handle high interest rates. we still have a number of complexities which as long as a safe haven goal still remains as an investor, as best friend or at g mail. but so let's go, let's turn our attention now to bitcoin, which a search to its highest price into the 20 months. the world's largest crypto
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currency has the past $44000.00, knocking a 150 percent increase this year. the value of the digital coin has plunged to as low as $17000.00 after a series of interest rate hikes by the us. federal was of the collapse of f t x. one of the biggest crypto companies has also pushed the price down. such a bill is a bit coined making a come back. it's very much a visit to the cases that are the christmas present as a whole lot of sense of relative lack of what the big one was priced of one year ago was $16000.00. so we're not approaching close to 3 times that value just one year late. so another less we passed some psychological resistance levels, $133540000.00. study of this week actually seeing trade as an investor very quick. the price of the. ready games we need to say we can hold on to that. $45000.00 us dollar. how do i do think the lesser. so there's some way exhausted because we haven't changed, ma'am. i would just
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a couple of try to weeks for the science and crypt occurrences being more likely adults. it that off expectations that an exchange traded funds will be presented. encouraged by one of the asset managers which does suggest from a fixed income and different investor level and much more sophisticated and susan's invest will be able to invest in groups occurrences, which is why the claim is really in the feeder right now. to mail many thanks and thanks for being with us. one comes with the cost pretty good to talk to you. now, one of the main attractions of a job is usually how much an employee is paid, but a growing number of workers. a now prioritizing environmental goals of a salaries. so cold climate quizzes are ready to turn down a recruitment offer or resign if their employer doesn't commit to climate action. the trend is particularly growing in the u. k. way consulting company, k, p. m g. as recently conducted a survey of 6000 people, it found but environmental, social, and governance. so s g factors are influenced thing, employment decisions for almost half off british office workers, the study size,
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but millennials and young workers are driving the climate, quitting trend, seeking out some more environmentally friendly jobs. 20 percent of respondents of tongue down the jump office. if the company didn't demonstrate climates and social commitments well, 51 percent of 2000 students. so they, globally, by the yale school management said that they would accept lowest salaries to work for an environmentally responsible company. the international energy agency says that more people were employed by clean energy companies, the by fossil fuel ones. this yeah, let's get back to, to buy from the average joined by john mccann at least the head of global environmental, social and governance advocate pmg international. i could tell you with a search on a pa, from being environmentally conscious. what is, is it that's motivating these employees to quit will not accept a job in the 1st place. and all they mostly younger workers. are research shows
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that almost all of the u. k. workers off of what i'll be can say all ages are based on the employment decisions on environmental oaks, but also social considerations. this is particularly true among millennial and jen z employees where the figure rises to more than hoss. but i just want to be really clear in space and that this is not, uh, it is not just about climate, for example, for jen c. a will pin 92, the sense of them facing the importance of being able to link bedroom file using their own purpose with that of the organizations that a, what for young professionals wants to work full and indeed they want to achieve goals which go beyond profit loans, now i interesting they, what we seen in our research that younger workers say between $18.34, most of them, they are primarily interested in fair pay commitments whilst the next bracket up. those between 45 and 44 of them most focused on the environmental impact of the
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company's work that they do. and there are other considerations, such as broad or ethical considerations. also taken, we seen for the dates that i would just kind of 5 right quickly, that updates the shows, the key factors, guidance, where employees i choose to what today i'm in the, in the future with 20 percent of adults. i add such a percent of the $18.00 to $24.00 brackets ton and down job offices. as you've mentioned, it is this phenomenon a affecting companies. and that it's, it's forcing them in a way to change the environmental policies about any particular sectors that that would be being affected more than others. yeah. yes indeed that there's a, a strong set to relate to beta that we see coming through a sofa climate. um uh for example, this resonates more than what we told the halt to a bait sectors. so here when we see at 24 percent said that they would not work in
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mining 23 percent was not working in the oil and gas and 21 percent would not work in petra, chemicals, but this is not just about climate. i said it before, i'll say it again. the 2 most common sectors in which correspondence, sorry, respondent said they would not walk in. i'm a much more social, i'm health focused. so for example, twice default the sites, so they would not work in the alcohol sector and we see that 42 percent. that said they would not work in the tobacco sex, ed and joan. as we transition towards more, a renewable energy supplies. i mean, could, could that transform the job market? i? yes, indeed. absolutely. so as we transition, what we see is immersion type of technologies emerging areas. so he talks about
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doable energy on shore when also wind technologies around this, such as common capture, comp, and storage. and so on, all of these will need to add new jobs, a new set of skills, and we absolutely see young people coming through a passionate about this agenda, wanting to work in these areas. and we absolutely see that transforming the jump to market in the future. john has been really good still to on counting the costs, but he thinks some dates of being with us. um that so i'll show for this week if you'd like to comment on anything that you've seen, you can get in touch with us by treating me on x. that still sounds a little put. i'm at a fit again on x. try to remember to use the hash tag h a c t c. what do you do? or you could drop us a line counting the cost of out of here a don't net is a email address. as always, there's plenty more few online i'll just say or dot com slash ctc. that takes you straight to a page. a day you'll find individual reports, links at a time episode, sky to catch up. that's it. so this edition of content, the cost on a tree,
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instead of going from the team here, and i want to, thanks for being with us. the news on al jazeera is next the, the bottom up twice as a floor with this thing is pro, this day begins to sink and it's a happy child who loved to play for sprains the attack happens during one of the almost daily is really ministry, right it's almost a tube to name which you know, on. he says it's around it, this poem and kill to come on to really close to the resistance coating to adams family and witnesses. the leap drive of slowed down shop 15 year old, best shopping year old item the back of the head. i wish i was it a 3 and someone would come to wake me at 10 me. i'm just really, i would never a god's name was this felix to anyone. it's hard, but they got,
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we aren't really what am i supposed to feel? the 7 palestinians killed and more than a 100, arrested, as in his way rage and the occupied westbank continues into a second's day. the kind of them or kyle, this is alice. is there a line from doha? also coming up the death toll in gauze vines. it's in the $18500.00 as well, continues it's heavy bombardment. us media reports as well as starting to pump the
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see what was the into tunnels and gone so in the flight against i'm us. i mean, nice nations general assembly place overwhelmingly to demo.

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